Allwyn has recorded revenue of €2.2bn (£1.9bn) for the first quarter of 2025, as per the company’s unaudited financial results for the reporting period.
The pan-European lottery giant’s reported revenue represents a 6% increase compared to the corresponding period in 2024.
From the revenue total, €2.1bn was attributed as gross gaming revenue (GGR), marking a 7% year-on-year (YoY) increase.
Net revenue for the quarter came to €1bn, up from the €958m for Q1 2024.
The UK was the most profitable region during the quarter, generating revenue of €1bn and representing an 8% YoY rise in total revenue.
This was followed by Greece and Cyprus with revenue of €617m, also up 8% YoY.
The Czech Republic added €132.2m, while revenue from Austria increased 6% YoY to from €400.6m to €423.6m.
Revenue from North America, technology and content came in at €60.4m, up 2% YoY on Q1 2024’s €59m.
Meanwhile, adjusted EBITDA for the quarter increased 1% YoY to €362.3m, leaving an EBITDA margin of 35.9%.
Allwyn CEO Robert Chvatal praised the company’s start to the year, citing Austria, Cyprus and Greece for delivering solid growth for the operator.
He said: “I am very pleased to report a good start to 2025, with the continued successful execution of our growth strategies sustaining the positive momentum from our record performance in 2024.
“It was also a winning quarter for our players, with a record €250m EuroMillions winner in Austria, and in Greece not only the largest ever Tzoker jackpot but also the first winner of Eurojackpot Extra, which launched in the final quarter of last year.
“We delivered solid profitability, with good growth in Austria and Greece and Cyprus in addition to a strong performance from our equity method investees contributing to Adjusted EBITDA growth of 1% year-on-year, which also reflects this being the final quarter in which the prior UK National Lottery licence contributed to profitability in the comparative period.”
During the quarter, Allwyn acquired a majority 51% stake in Greece-based operator Novibet, in a deal worth up to €327m that is expected to complete in the second half of 2025. Allwyn already holds a minority position in Athens-headquartered Kaizen Gaming, parent company of Betano.
The lottery operator also secured a multi-year partnership with motor racing brand Formula 1 back in February.
Last month, Allwyn was named as part of the LottoItalia consortium that had successfully bid for Italy’s lottery licence.
The consortium, which will be the licence holder until 2034, is led by IGT and also comprises Arianna 2001 and Novomatic Italia.
In addition, Allwyn has acquired a minority stake in German lottery operator Next Lotto, expanding its offering in Europe.
Chvatal added: “We were delighted that the LottoItalia consortium was successful in being proposed for the next nine-year licence to run the iconic Italian Lotto, after the end of the quarter.
“We look forward to continuing to work together with our partners to deliver for players and all stakeholders, while also supporting responsible play.
“Also after the end of the quarter, we acquired a minority interest in Next Lotto, a licensed online reseller of draw-based games offered by state lotteries across Germany, further expanding our geographic footprint.
“Overall, I am pleased with the start of the year and believe we are well-placed for the remainder of the 2025. As always, I look forward with excitement to what the future holds for Allwyn, as we continue to focus on delivering our strategy.”
Last month, the Gambling Commission said it was reviewing whether to take regulatory action against Allwyn for missing a contractual milestone with the National Lottery.
The post Allwyn hails “positive momentum” as Q1 revenue hits €2.2bn first appeared on EGR Intel.
Lottery operator says it is “well-placed” for the remainder of 2025, with Austria, Greece and Cyprus hailed as key performing markets
The post Allwyn hails “positive momentum” as Q1 revenue hits €2.2bn first appeared on EGR Intel.